2026 Investor Day Presentation

The Timken Company

Investor Day 2026

May 20, 2026

Welcome and Introductions

Neil Frohnapple

Vice President, Investor Relations

AGENDA

Agenda

Welcome and Introductions

9:00 AM

One Timken in Action

10:10 AM

Vice President, Investor Relations

Executive Vice President and President of Industrial Motion

Strategy and Vision

9:05 AM

Financial Targets

10:35 AM

President and Chief Executive Officer Executive Vice President and Chief Financial Officer

Technology Growth Multiplier 9:30 AM

Closing Remarks and Q&A

11:00 AM

Senior Vice President and Chief Technology Officer

Break

9:55 AM

Networking & Lunch

11:45 AM

Our Presenters Today

President and Chief Executive Officer

EVP and

Chief Financial Officer

EVP and President of Industrial Motion

SVP and

Chief Technology Officer

Forward-Looking Statements Safe Harbor and Non-GAAP Financial Information

Certain statements in this presentation (including statements regarding the company's forecasts, beliefs, estimates and expectations) that are not historical in nature are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, the statements related to Timken's plans, outlook, future financial performance, targets, commitments, projected sales, cash flows, liquidity, cost reduction measures and expectations regarding the future financial performance of the Company are forward-looking.

The Company cautions that actual results may differ materially from those projected or implied in forward-looking statements due to a variety of important factors, including: fluctuations in customer demand for the Company's products or services; changes in customer preferences due to emergent technologies, evolving regulatory landscapes or other factors; unanticipated changes in business relationships with customers or their purchases from the Company; changes in the financial health of the Company's customers, which may have an impact on the Company's revenues, earnings and impairment charges; logistical issues associated with port closures, delays or increased costs; costs associated with inclement weather events; the impact of changes to the Company's accounting methods; political risks associated with government instability; recent world events that have increased the risks posed by international trade disputes, tariffs, sanctions and hostilities; strained geopolitical relations between countries in which we have significant operations; weakness in global or regional general economic conditions and capital markets (as a result of financial stress affecting the banking system or otherwise); changes in wages, shipping costs, raw material costs, energy and fuel prices, and other production costs; new technology, such as artificial intelligence, that may impact the way the Company's products are produced, sold or distributed; changes in customer demand or tariff rates and other costs associated with tariffs; the Company's ability to satisfy its obligations under its debt agreements and renew or refinance borrowings on favorable terms; fluctuations in currency valuations or interest rates; changes in the expected costs associated with product warranty claims; the ability to achieve satisfactory operating results in the integration of acquired companies, including realizing any accretion, synergies, and expected cashflow generation within expected timeframes or at all; the Company's ability to effectively adjust prices for its products in response to changing dynamics; the impact on the Company's pension obligations and assets due to changes in interest rates, investment performance and other tactics designed to reduce risk; the introduction of new disruptive technologies, including artificial intelligence; unplanned plant shutdowns; the effects of government-imposed restrictions, commercial requirements, and Company goals associated with climate change and emissions or other sustainability initiatives; unanticipated litigation, claims, investigations, remediation, or assessments; the rapidly evolving global regulatory landscape and the corresponding heightened operational complexity and compliance risks; restrictions on the use of, or claims or remediation associated with, per- and polyfluoroalkyl substances or polytetrafluoroethylene; the Company's ability to maintain positive relations with unions and works councils; the Company's ability to compete for skilled labor and to attract, retain and develop management, other key employees, and skilled personnel; negative impacts to the Company's operations or financial position as a result of pandemics, epidemics, or other public health concerns and associated governmental measures; and the Company's ability to complete and achieve the benefits of announced plans, programs, initiatives, acquisitions, capital investments, and cost reduction actions. Additional factors are discussed in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, quarterly reports on Form 10-Q and current reports on Form 8-K. Except as required by the federal securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

This presentation includes certain non-GAAP financial measures as defined by the rules and regulations of the Securities and Exchange Commission. Reconciliations of those measures to the most directly comparable GAAP financial measures are provided in the appendix to this presentation.

Strategy and Vision

Lucian Boldea

President and Chief Executive Officer

AGENDA

Today's Key Messages

Strong foundation with a clear vision for the future

Clear transformation roadmap with embedded execution discipline

Short-term levers to deliver growth while transforming

2028 financial targets provide significant shareholder value creation opportunity

Timken Today: A Motion Technology Leader

More Than 125 Years

of engineering expertise

66% Engineered Bearings1

34% Industrial Motion1

Net Sales

$4.6B

2025 Net Sales

Adj. EBITDA Margin

17.4%

2025 Adj. EBITDA Margin

Adj. EPS

$5.33

2025 Adj. EPS

19K Employees operating in 45 countries

Free Cash Flow

104 Years

of continuous quarterly dividends

$406M

2025 FCF

Free Cash Flow Yield

6.4%

3-Year FCF Yield

Net Leverage2

2.0x

Net Debt to Adj. EBITDA

8 1. Percentage of actual sales for 2025

2. As of December 31, 2025

See appendix for reconciliations of adjusted EBITDA margin, adjusted EPS, free cash flow and the ratio of net debt to adjusted EBITDA to their most directly comparable GAAP financial measures. Free cash flow is defined as net cash provided by operating activities minus capital expenditures. 3-year FCF yield based on stock closing price on final trading day of each respective year.

Advancing Technology to Move the World Forward

Engineering Systems for Defense

Moving Millions Safely Everyday

Expanding Global Infrastructure

Equipping the Webb Telescope

Powering the AI Economy

Empowering Precision Surgery

Mission Critical Systems: Supporting Artemis II

Building a Higher-Performing Motion Leader

Industrial Motion Sales CAGR of 13% Over the Last 10 Years

Select Acquisitions

Expanded portfolio to industrial couplings and universal joints

Entered linear motion systems; added high-precision gear drive tech

Expanded linear motion systems

Enhanced offerings across precision motion, gearing and linear motion systems

Added automatic

lubrication systems

Scaled automatic lubrication systems

Added cycloidal drives Scaled precision

motion in robotics

$4.6

$4.6

$2.9

$4.1

$4.5

$4.8

$2.7

$3.0

$3.6

$3.8

$3.5

Increased exposure to higher-value, application-specific platforms

Scaling to build $500M+ platforms in linear motion systems, lubrication systems and drive systems

Total Revenue ($B)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Engineered Bearings Industrial Motion

Multinational Footprint and Expanding Market Reach

25%

20%

2025 Revenue

Factory Office

Americas

EMEA

Asia-Pacific

55%

19K+ 110+ 29 45

12 Employees Factory Sites

Innovation Centers

Countries

Attractive End-Market Sector Sales Mix

Aerospace &

Defense

Power &

Electrification

Automation &

Industrial Solutions

Infrastructure

Industrial Transportation

& Mobility

Urban Infrastructure Buildout

$15T+

Global infrastructure investment gap by 20404

Emerging market mobility demand, infrastructure modernization

Automation & Robotics

~10%

Global industrial automation market CAGR1

Labor constraints, smart factory investment, precision manufacturing demands

Aerospace & Defense Spending

~1.8x

Increase in airplane fleets by 20443

Fleet expansion, defense modernization, mission-critical platform demand

AI-Driven Power Demand & Electrification

~15%

Global data center electricity demand CAGR2

AI compute growth, power density, hyperscale infrastructure buildout

Positioned to Leverage Megatrends

& Mobility

Focused on Strategic Verticals to Deliver Strong Growth

End-Market Sectors

Aerospace & Defense

Power & Electrification

Automation & Industrial Solutions

Infrastructure Industrial Transportation

Strategic Verticals

• Commercial Aerospace

• Defense & Naval

• Power Generation

• Renewable Energy

• Automation & Robotics

• Food & Beverage

• Construction

• Mining

• Marine

• Rail

Strategic Verticals Expected to Grow HSD CAGR1

% of Total Company Sales

<50%

+500 bps above rest of business

~50%

>500 bps above rest of business

~55%

2022 2025 2028E

15 1. Timken estimated sales CAGR % from 2025-28 for the strategic verticals: Commercial Aerospace, Defense & Naval, Power Generation, Renewable Energy, Automation & Robotics, Food & Beverage, Construction, Mining, Marine, Rail Denotes Timken sales outgrowth of the Strategic Verticals compared to the rest of the business during these periods / LSD = low-single digit percentage; HSD = high-single digit percentage

Structural Forces Reshaping Industry Value Pools

Customer Expectations Lifecycle Economics Competitive Pressure

OEMs outsourcing engineering complexity to suppliers

Profit pools increasingly driven by service and replacement

High-volume bearing segments face ongoing pricing pressure

To harness these structural shifts in the market environment,

we must continue

to evolve …

From standalone supplier

From competing on unit economics

From product-led offerings

To ecosystem player driving advantage

in design and customer integration

To monetizing delivered value across lifecycle

To fully integrated, application-specific engineered solutions

Industrial Motion to Drive Our Evolution into Systems

From Leading with Engineered Bearings (Components) to Leading with Industrial Motion (Systems)

Shared Customers Shared Customers

Components

Assets

Technology

Systems

+ Engineering =

Tec

Systems

hnology and A

Engineering

ssets

Components

Components

Engineered Bearings

Strong and Well-Established Global Foundation

Industrial Motion

Growing Scale in Systems Engineering

One Timken

Systems-First Commercial Approach to Unlocking Greater Customer Value

3 Strategic Pillars

Deploying Our 80/20 Mindset to Accelerate Profitable Growth and Drive Shareholder Value

PILLAR 1

Optimize the Portfolio

PILLAR 2

Focus Resources to

Strategic Verticals

PILLAR 3

Leverage

Our Multinational

Footprint

Executed Across 3 Time Horizons